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Top 2 best growing Large cap Multibagger Stocks for long term
Top 2 best Safe Multibagger Stocks for long term
1. LTI MINDTREE:
Larsen & Toubro Infotech Ltd offers an extensive range of IT services like application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions, and platform-based solutions to clients in diverse industries.
LTI has recently merged with Mindtree and is now listed with the name LTI Mindtree. The company is expanding rapidly, especially after 2019 concerning resource intake and also client expansion. Larsen has also sold its mutual fund business to HSBC to focus more on IT and core areas.
The Stock is available at almost a 45 % discount from the peek now(2023) and is expected to grow rapidly expecting multifold returns. The stock may be at a slightly more risky peak compared to TCS, and Infosys but as long as growth takes place, it can still be considered safe.
2. Avenue Supermarts (Dmart) :
Avenue Supermarts also called DMART is primarily engaged in the business of organized retail and operates supermarkets under the brand name D-Mart. It is one of the few businesses which has good fundamentals and a customer following. The business follows traditional outlets like Walmart in India and supplies wholesale and retail products with huge discounts.
The Stock has given multi-bagger returns to shareholders in the past and with the rapid growth of outlets added in every state/city it would definitely grow further.
Market Cap: 250000+ Cr and the current price are 3800 (Jan 2023).
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